After President Eisenhower and G.O.P. congressional leaders completed three days of conferences at the White House last week, the broad outlines of the Administration's legislative program were fairly clear. Main features:
Federal Spending: Having reduced the last Truman budget by $6.5 billion, the Eisenhower Administration will cut another $6 billion, go to Congress with an overall spending program of about $67 billion for fiscal 1955 (beginning next July). Income is expected to be $64 billion, leaving a bookkeeping deficit of $3 billion. The deficit will be caused by funds committed in previous years to be paid out next year.
Military: The new military...
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